Answer: 1/25
Step-by-step explanation:
The answer is 20 pt. Hope this helped
Answer:
Option A,$ 1,832.91 is correct
Step-by-step explanation:
The monthly payment can be computed using the below pmt formula i excel shown below:
=pmt(rate,nper,-pv,fv)
rate is the monthly rate on the mortgage which is 17.5%/12=0.014583333
nper is the number of months of payment i.e 30*12=360
pv is the amount of the loan which is $125,000
fv is the total amount of repayment which is unknown
=pmt(0.014583333
,360,-125000,0)=$ 1,832.91
The correct option is A,$ 1,832.91 which is the amount of money they need to pay back on the mortgage for 360 months
the answer is the fraction of the number of line is a whole number an integer number
<span>First, find what are the numbers that can be divided to 10 and 85. The numbers 10 and 85 can be divided by 5. 10 divided by 5 is equals to 2 and 85 divided by 5 is equals to 17. Ratio is just like a fraction, you need to reduce its terms if you need to. Let’s say 10:85 is a fraction and since it is obvious that it can be divided by 5, you just need to reduce its term. 10/85 can be reduced into 2/17 which is just the same with ratios 10:85 is equals to 2:17.<span>
</span></span>